The exchange rate between the United States Dollar and the Nigerian Naira at the parallel market, commonly known as the black market or Aboki FX, remains a key focus for forex traders and Nigerians monitoring currency movements.
According to Bureau De Change (BDC) operators in Lagos on Saturday, May 9, 2026, the Dollar exchanged at ₦1,395 for selling and ₦1,385 for buying in the parallel market.
Black Market Dollar To Naira Rate Today
| Dollar to Naira (USD to NGN) | Black Market Rate |
|---|---|
| Buying Rate | ₦1,385 |
| Selling Rate | ₦1,395 |
Meanwhile, the official exchange rate provided by the Central Bank of Nigeria (CBN) placed the Dollar within the range of ₦1,355 and ₦1,366.
CBN Dollar To Naira Rate Today
| Dollar to Naira (USD to NGN) | CBN Rate |
|---|---|
| Highest Rate | ₦1,366 |
| Lowest Rate | ₦1,355 |
The CBN has consistently maintained that it does not recognise transactions carried out in the parallel market and has advised individuals seeking foreign exchange to use authorised banks and approved financial institutions.
It is important to note that forex exchange rates may vary depending on location, transaction volume and prevailing market conditions.